Fitch Upgr Certain DaimlerChrysler Outstanding Securitizations

    NEW YORK--May 4, 2001--Fitch upgrades DaimlerChrysler's Premier Auto Trust 1997-1, 1997-2, 1997-3, 1998-1, 1998-2 and 1998-3 class B asset-backed notes to `AA' from `A+'.
    The rating upgrades are a result of increased available credit enhancement in excess of expected remaining losses. The collateral continues to perform within Fitch's base case expectations and, under the credit enhancement structure, the bonds can now withstand losses consistent with the `AA' stress scenarios and still make full and timely payments of principal and interest. As before, the ratings reflect the quality of Chrysler Financial Company L.L.C. (a wholly owned subsidiary of DaimlerChrysler Corporation) retail auto loan originations, the sound financial and legal structure of the transactions and servicing provided by Chrysler Financial Company L.L.C.